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CIFIPanama

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Last update: 2024-09-13 13:47:27
Costa del Este, Panama City, location of CIFI's head office at MMG Tower. Photo: Maria Mertens via Flickr (CC BY-SA 2.0)

Active

This profile is actively maintained
Last update: 2024-09-13 13:47:27
About
Website https://www.cifi.com
Headquarters
MMG Tower, Costa del Este, 13th floor Office 13ª, Roberto Motta Avenue
Panama City
Panama
CEO/chair Cesar Cañedo Arguelles
Chief Executive Officer
Supervisor
Superintendency of Banks of Panama
Ownership

CIFI's largest shareholders are Valora Infrastructure Partners (45.02%) and Norfund (34.3%). CIFI's complete shareholder structure can be accessed here.

CIFI is a financial institution, based in Panama, that arranges and provides debt financing to privately owned infrastructure projects in Latin America and the Caribbean. CIFI was established in 2001 by the Spanish bank Bankia and the Inter-American Investment Corporation. It is mainly active in the energy, oil and gas, transportation, telecommunications, water, environmental, social infrastructure and tourism industry segments. CIFI adopted the Equator Principles in 2007.

Sustainability
Commitments
Policies
Voluntary standards

CIFI's most important sustainability commitments can be found at the website sections listed below.

Links

Sustainability

Policies

2022-05-30 00:00:00

Fossil fuels exclusion list

(page 36 of Annual 2021 csr report)
Bank policy
2022-05-30 00:00:00 | CIFI
2021-09-13 00:00:00

ESG policy framework

Bank policy
2021-09-13 00:00:00 | CIFI
2021-09-13 00:00:00

Human rights statement

Bank policy
2021-09-13 00:00:00 | CIFI
2021-09-13 00:00:00

Climate change policy

Bank policy
2021-09-13 00:00:00 | CIFI
CIFI has committed itself to the following voluntary standards:
Equator PrinciplesTags: Equator Principles | project finance | corporate social responsibility | sustainable development
IFC Performance Standard 1: Assessment and Management of Environmental and Social Risks and ImpactsTags: Equator Principles
Partnership for Carbon Accounting Financials (PCAF)Tags: carbon | corporate social responsibility
Principles for Responsible Investment (PRI)Tags: corporate social responsibility | sustainable development | United Nations
Task Force on Climate-related Financial Disclosures (TCFD)Tags: corporate social responsibility | finance
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Principles requirements missing for most projects, finds new BankTrack study

Research into 37 projects financed 'under Equator' finds project-level grievance mechanisms or stakeholder engagement processes cannot be evidenced in 65% of cases
2020-08-11 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Principles: New BankTrack database sheds light on patchy project name reporting

BankTrack publishes database of Equator-financed projects, together with analysis showing some banks report few or no project names – notable poor performers include ING, HSBC and Lloyds
2020-06-29 | BankTrack
Resources
Documents
Links
2024-06-03 00:00:00

Annual report 2023

Annual report
2024-06-03 00:00:00 | CIFI
2023-05-16 00:00:00

CSR report 2022

Annual report
2023-05-16 00:00:00 | CIFI
2023-05-08 00:00:00

Annual report 2022

Annual report
2023-05-08 00:00:00 | CIFI
2022-06-14 00:00:00

CSR report 2021

Annual report
2022-06-14 00:00:00 | CIFI
2022-06-07 00:00:00

Annual report 2021

Annual report
2022-06-07 00:00:00 | CIFI
2022-05-30 00:00:00

Fossil fuels exclusion list

(page 36 of Annual 2021 csr report)
Bank policy
2022-05-30 00:00:00 | CIFI
2021-11-04 00:00:00

Annual report 2020

Annual report
2021-11-04 00:00:00 | CIFI
2021-09-13 00:00:00

ESG policy framework

Bank policy
2021-09-13 00:00:00 | CIFI
2021-09-13 00:00:00

Human rights statement

Bank policy
2021-09-13 00:00:00 | CIFI
2021-09-13 00:00:00

Climate change policy

Bank policy
2021-09-13 00:00:00 | CIFI
2020-07-31 00:00:00

CSR report 2019

Annual report
2020-07-31 00:00:00 | CIFI
2020-07-31 00:00:00

Annual report 2019

Annual report
2020-07-31 00:00:00 | CIFI
2019-07-31 00:00:00

Annual report 2018

Annual report
2019-07-31 00:00:00 | CIFI
2019-07-31 00:00:00

CSR report 2018

Annual report
2019-07-31 00:00:00 | CIFI
2018-03-31 00:00:00

Annual report 2017

Annual report
2018-03-31 00:00:00 | CIFI
2018-03-31 00:00:00

CSR report 2017

Annual report
2018-03-31 00:00:00 | CIFI
2017-03-31 00:00:00

CSR report 2016

Annual report
2017-03-31 00:00:00 | CIFI
2017-03-31 00:00:00

Annual report 2016

Annual report
2017-03-31 00:00:00 | CIFI
2016-07-15 00:00:00

CSR report 2015

Annual report
2016-07-15 00:00:00 | CIFI
2016-02-15 00:00:00

Annual report 2015

Annual report
2016-02-15 00:00:00 | CIFI
2015-01-22 00:00:00

Company profile of Ecoener and Hidralia Energía

Report presents an overview of the Spanish companies Ecoener and Hidralia Energía, both involved in the company Hidro Santa Cruz, which is involved in the development of a controversial dam in Guatemala.
NGO document
2015-01-22 00:00:00 | Profundo

CIFI's web page on environmental and social management

Accountability
Grievances

CIFI operates a grievance mechanism which can be accessed here.

CIFI is an Equator Principles signatory. While the Equator Principles have no official grievance mechanism, complaints relating to this bank's financing of Equator Principles projects can be filed through our own website www.equator-complaints.org.

This page evaluates CIFI's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring

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Raiffeisen Out! Bank.Green End Coal Finance Plastic Banks Tracker Defund TotalEnergies Financial Exclusions Tracker Equator-Complaints.Org Don't Buy into Occupation Banks & Biodiversity Forests & Finance Drop JBS StopEACOP Fossil-Free Finance
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